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Conveyancing fees covered by lender?
Hi,We are first-time buyers and we have made an offer on a property. We have a mortgage in principle from HSBC. Now we need to appoint a solicitor to handle the process and I read in the MSE mortgage fees article that some lenders cover the fees or give cashbacks if you use a solicitor on their panel -. However, after some…
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Holiday Let Mortgages
Hi, Does anyone know which banks are currently holiday let friendly? Any good brokers in this space? I tried L&C this week but they have been no use, spend most of the time calling me, verifying details only to be told no one is available. Best Rav
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Mortgage offer advice needed!
We recently put in for an extension from our lenders due to our mortgage offer expiring. However they would only lend us £70000 lower than our previous offer because of my partners temporarily reduced salary. We had a LTV of 75%, however we may be able to get a bigger deposit taking us to a 70% LTV. Will this increase our…
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How long are Halifax valuations taking?
Mortgage application went in with Halifax on Monday, broker said all ok subject to valuation on Tuesday and that one has been instructed. Does anyone know how long it's taking for Halifax to get physical valuations done nowadays? The estate agent said no one's called to book in a survey yet and keeps pestering me about it.…
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Part exchanging with developer?
Not sure if this is the right thread but has anyone got any experience of this? Is it a con? Can’t find much info anywhere from people that have actually done it...
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Porting mortgage, with additional borrowing for fees (Natwest)
Really struggling with this one, would appreciate some advice... I remortgaged last year into a 5 year fixed with NatWest. I now want to move, and have a property in mind, which is significantly cheaper than my current one. However I'm realistically stuck with NatWest due to the high ERC, which is limiting me to porting…
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Endowment Maturing during Lockdown
I had an Endowment policy with Scottish Widows with a maturity date in June 2020. The value of the policy has plummeted by 25% during the Covid crisis, so I contacted Scottish Widows to see if I could extend the policy (continue paying into it), or suspend the maturity date (just leave the funds in the policy) until such…
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Halifax mortgage holiday....revised payment
I took 3 month mortgage holiday due to Covid and as yet haven’t had a revised monypthly payment figure. My next payment is Aug 1st. Obviously phone lines are extremely busy, so wondered if anyone here has had their revised figures yet or will it be nearer the time. I want to start revising my budget accordungly
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Mortgage as a student
Quick background: I am a homeowner (have been for 7 years, am in my 30s) and am returning to university in a different city so relocating. I changed career to (full-time) NHS at the beginning of the year so am earning considerably less than I was in 2019 (approx 16.5k now plus enhancements), but got a good rate with my…
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First time buyers
Prior to lockdown myself and my partner had been in the process of clearing all of our debt and saving for a house that we had our eye on. We were planning on using the help to buy scheme and were told we were eligible for the maximum in Wales if we were debt free by the time it came to take out a mortgage. Since this both…
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FTB as a contractor during coronavirus (h2b)
Hi all, We have reserved on a property back in March. We have initiated solicitors, searches are back okay and we have the Authority to Proceed from Help to Buy. I have informed our broker once the ATP came in (as he told me to so he could crack on with mortgage) but have had an email to say he needs to go and look…
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spending before house completion
Hi, Might be a silly question but I am desperate for answer. Can I shop around and spend my disposable income about 3 weeks before completion? i am not going to take a credit on it tho'. Will the bank not see this as spending in unnecessary stuff? Thanks
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Buy-to-let mortgage from Birmingham Midshires for mum
Since my dad's death, my mum has moved into her sister's place and so is thinking of renting out her semi (original mortgage now finished). Needs a bit of work, so someone recommended a Buy-to-Let mortgage from Birmingham Midshires or some part of them. Amount would be £40,000 which would do up the place, add a…
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Getting a mortgage with no job
So I am currently looking to buy a house after recently splitting from my ex. I do not currently work as am on ESA income related due to a mental health issue. The house I am looking at is £80,000 and I have £40,000 in savings so I could put a 50% deposit on the house. My current income is £650 a month from my ESA and my…
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Repaying Mortgage Early
Hi folks, Myself and my girlfriend mortgaged our house last year. This is our first mortgage. At the time, we bought the house when I was a student earning £700. Things have changed and I now earn quite a bit more. Originally we were planning on upping the payments by the 10% allowed each month to clear off our mortgage…
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Financial ombudsman service
I have searched the forum to find the correct area to post this/to see if it's been asked before with no luck I filled in an online complaint to the financial ombudsman (took me over an hour) I have submitted it and got the final page saying it had been submitted but received nothing in my mailbox (checked junk) Iv left it…
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LTV - Is it really "Value" or "Price"
I applied for a mortgage at 95‰ LTV but due to covid its been suspended. The Max LTV I can get is 85‰ but there is a quirk in the purchase. The vendor has the sale of the property capped at its purchase price 15 years ago by court via divorce settlement. The sale price is thus significantly lower than its value. If we…
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Student Mortgage
Firstly can I even get one I would be looking for flat for around £100,000, and I have a deposit of £17,000 I'd obviously need my parents help as I'm a student but they both work part time so there income isnt very high. They do own 100% of our house. Can that just be used as collateral or do your parents both need to be…
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Mortgage - What am I doing wrong?
Hi everyone I've been reading quite a bit on here trying to prepare myself for getting mortgage and I finally put in an application to Santander and got knocked back today. I'm trying to figure out where its going wrong. Below is a glimpse at my footprint - Credit history - good to excellent across the 3 main provider…
